Thursday, May 29, 2008

UTStarcom Execs Fined for Fake Financials

By Chris Thompson
Thu, May 29, 2008 at 7:45 AM

Two leaders of the Alameda-based telecommunications firm UTStarcom have agreed to pay $175,000 to settle federal charges that they filed false earnings reports, which may have boosted the stock price and defrauded investors. The company has been under investigation for more than a year, and NASDAQ struck UTStarcom from its roster in 2006, for failing to file earnings statements. The company is among the largest publicly-traded firms in the East Bay.

Comments

Subscribe to this thread:

Add a comment

Anonymous and pseudonymous comments will be removed.

Author Archives

Readers also liked…

Most Popular Stories

© 2016 East Bay Express    All Rights Reserved
Powered by Foundation